HomeCryptoCoinbase: the exchange is down again

Coinbase: the exchange is down again

Problems continue for the Coinbase exchange, which is still often down.

In the last few days, in fact, several users have been reporting malfunctions or the inability to access the site.

As of today, there have been no problems with the custody of funds or with the execution of orders, so nothing that could endanger the security of the platform, there have only been service interruptions or delays

In particular yesterday, according to their official page, there were three problems.

The first of these concerned connectivity, or the fact that the website was sometimes not reachable, or that it was not possible to use some services. 

According to what the company declared, it would be a technical problem for which a solution has already been found and applied. 

However, there were two other problems that caused the delay in the withdrawal of XLM (Stellar) and XRP (Ripple)

While these are the only three problems officially reported, on the various online discussion groups many users complain about other problems, albeit much less serious. 

Why Coinbase goes down

It is worth noting, however, that these days it is very likely that the flow of users attempting to connect to Coinbase’s site or app may have increased so much that it inevitably produces problems with server overload or congestion.

Something similar, albeit on a larger scale, happened in late 2017, when the huge influx of users suddenly pouring into Coinbase actually brought its operation into crisis.

Right now the situation seems much less serious, but surely the significant increase in active users on the platform is causing risks of overload or congestion. 

Furthermore, in 2017 Coinbase was not the only victim of these problems, but they were distributed on almost all exchanges open freely to the public. Whereas it must be pointed out that these days there are no complaints of similar problems on other exchanges.

It is important to underline that the exchanges most at risk of service interruptions due to overloads or congestion are those aimed at retail investors, i.e. the huge mass of casual amateur investors who are suddenly pouring into these markets. Instead, exchanges aimed particularly at professional operators are less at risk from this point of view.

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".